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A surging stock market has transformed the Hamptons housing market on Long Island into a record-breaking playground for the elite.
The affluent enclave saw a surge in luxury transactions in 2025, driven by three consecutive years of double-digit market returns and substantial Wall Street bonuses, according to Mansion Global.
“A third consecutive year of double-digit stock market returns and record Wall Street bonuses helped fuel demand for luxury properties,” Philip O’Connell, managing director of brokerage Brown Harris Stevens’ Hamptons office, told Mansion Global.
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Sales of homes priced at $5 million and higher hit an all-time high in the fourth quarter, according to Douglas Elliman. The influx of high-end activity pushed the regional median sales price to a record $2.3 million, a 33.6% year-over-year increase.
While the number of transactions dipped slightly because of a lack of inventory, the top 10% of the market — demonstrated resilience. The price entry point for the tier rose to $7.4 million, while the median luxury price climbed 11% to $11.4 million, according to Douglas Elliman.
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The most aggressive price appreciation occurred West of the Canal — areas from Hampton Bays to Remsenberg — where prices jumped 25% in 2025, outpacing the 5% growth seen in eastern towns like Southampton and Montauk, according to Brown Harris Stevens.
The Hamptons isn’t the only beneficiary of the New York wealth surge. Neighboring North Fork reported its ninth annual sales increase in the last 10 quarters, according to Douglas Elliman. Long Island is also a fierce sellers’ market, with over half of all homes closing above the asking price in the fourth quarter.
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